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Inflation surges by 29.02 percent
ZAHEER ABBASI
ISLAMABAD ( 2008-11-22 04:31:32 ) :The Inflation measured through SPI has surged by 29.02 per cent on week ending November 20 over the same period of last years on the back of rising prices of 17 essential commodities, according to Federal Bureau of Statistics. The data released on Friday showed that combined SPI has surged from 27.91 per cent from last week to 29.02 per cent on November 21, showing 0.92 per cent increased during the week.
With this increase in the SPI, the dearness for the low income group of Rs 3000 monthly income was recorded 29.33 per cent, followed by 29.74 per cent for families of Rs 3001-5000 monthly income. The dearness was 30.06 per cent for monthly income of Rs 5001-12000 and 28.56 per cent for above Rs 12000 income group.
The data on SPI released by the FBS showed an increase in the prices of 17essential commodities, decline in 18 whereas prices of 18 commodities remained stable during the period under review. The price of kilogram tomatoes have increased during the week to Rs 35.71 from Rs 31.57, onions per kilogram to Rs 25.02 from Rs 22.34, chicken (Farm) Kg. to Rs 98.22 from Rs 92.33.
Electric charges 1-100 unit to Rs 3.22 from Rs 3.07, telephone local call to Rs 2.42 from Rs 2.31, egg hen (Farm) doz. to Rs 65.83 from Rs 64.22, tea packet 250 gram. to Rs 106.47 from Rs 104.71, Electric bulb 60wats each to Rs 13.91 from Rs 13.74, bread plain mid size each to Rs 23.97 from Rs 23.68, potatoes kg to Rs 27.53 from Rs 27.22, firewood 40 kg to Rs 265.06 from Rs 263.98, mash pulse washed kg to Rs 74.82 from Rs 74.59, bananas doz. to Rs 31.86 from Rs 31.78.
Shirting meter to Rs 79.06 from Rs 78.91, mutton kg to Rs 256.51 from Rs 256.20, beef kg to Rs 142.20 from Rs 142.13, Masoor Pulse Washed kg to Rs 129.28 from Rs 129.26. According to the FBS, the prices of 18 essential commodities remained stable during the week. However, a comparison with the same period of last years showed that majority of them increased in double digit.
Copyright Business Recorder, 2008
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